The Pound could not sustain its rally started during the Asian session on Thursday after discouraging comments on Brexit’s progress by the EU chief negotiator pushed the currency down, making it the worst performer among its major peers. The pound’s weakness, as well as US data on PPI and initial jobless claims, gave a lift to the dollar. The fifth round […]

USD/JPY is expected to trade with a bearish outlook. The pair broke below the support level of 112.60 and broke below its 20-period and 50-period moving averages. In addition, the bearish cross between 20-period and 50-period moving averages has been identified. The relative strength index lacks upward momentum. To conclude, as long as 112.60 is […]

With the open of US markets, the pan-European Stoxx 600 and the blue-chip Euro Stoxx 50 were both trading lower by 0.1% and 0.2% on the day with major blue-chip benchmarks in Europe giving a mixed picture. The FTSE 100 was the brightest spot in terms of performance among main European blue-chip Indices. The closely-watched […]

Overview The USD/JPY pair finds difficulty to surpass the EMA50 that forms good intraday resistance at 112.50, and the price needs to surpass this level to be released from the current negative pressure followed by resuming the expected bullish trend for the upcoming period, which its next target located at 114.49. In general, we will […]

Overview GOLD price has been showing calm upward trading to approach the first waited target at $1,299.20, keeping the bullish trend scenario valid until now. It is supported by the EMA50 that carries the price from below. Please note that breaching the mentioned level is required to push the price towards $1,321.49 as the next […]

Overview Silver price managed to breach the resistance line that appears on the above chart and settles above it, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, reminding you that our positive targets begin at 17.43 and extend to reach 18.30 after breaching the previous level. Stochastic negativity interprets […]

It`s time for the Dukascopy Midday Snapshot, where we`ll see how traders have managed to work out the rate movements during the morning session on this Thursday. This has been a calm session so far for the Euro/Dollar, volatility measures at 29 pips and traded volume is low. Sentiment is neutral, at an even balance. […]

The Dollar was under pressure on Wednesday after Septembers FOMC meeting minutes revealed some Fed members were concerned over inflation. Dollar weakness was seen across the currency markets with the EURUSD supported, while Commodities such as GOLD traded higher. Much attention will be directed towards the PPI report in the States which could give us […]

Global macro overview for 12/10/2017: The US Tax Reform might not materialize at all. The reason behind this situation is simple: one vote is still missing in the US Senate. The remaining vore might likely come from Rand Paul who already blocked the disassembly of Obamacare. President Trump has already announced that he will propose […]

Global macro overview for 12/10/2017: The FOMC Meeting Minutes revealed bigger than expected worries about inflation pressures. The concerns about low inflation were expressed in the dovish camp, whilst the hawkish camp put more weight on labour market data than current inflation data. As the minutes suggested, many Fed officials continued to believe “cyclical pressures” […]

July-September was another record-breaking quarter for Wall Street, as investors rallied behind upbeat corporate earnings and expectations of tax reform under the Trump administration. European markets in September also rung up their best month of 2017, a sign that the bull market still had legs. The DOW Jones Industrial Average rounded out its eighth consecutive […]

BITCOIN (BTC) has been trading upwards. The price spiked and tested the level of $5.232 driven on the news that Vladimir Putin and Russian regulators announced that cryptocurrencie will be officially regulated in Russia. The central bank and the finance ministry will now work together to come up with one draft law to provide a […]

Recently, the USD/JPY pair has been trading sideways at the price of 112.25. Anyway, according to the 30M time – frame, I found that sellers are in control. There is a rising in ADX in last downward leg, which is a sign of weakness. My advice is to watch for potential selling opportuntiies. I placed […]

Recently, GOLD has been trading upwards. The price tested the level of $1,297.50. According to the 15M time – frame, I found a successful testing of solid support at the price of $1,294.00, which is a sign that selling looks risky. The ADX indicator is above 30 level, which means that buyers are in control. […]

Overview: The NZD/USD pair rose from the level of 0.7055 towards 0.7128 yesterday. Now, the price is set at 0.7111 to act as a major resistance at the spot of 0.7055-0.7111. It should be noted that volatility is very high for that the NZD/USD pair is still moving between 0.7128 and 0.7040 in coming hours. […]

Overview: As expected; the USD/CHF pair broke resistance which turned to strong support at the level of 0.9708, which is expected to act as major support in coming two days. The Relative Strength Index (RSI) is considered overbought because it is above 30. The RSI is still signaling that the trend is upward as it […]

Friday brings the latest US inflation data, so let’s take a closer look. The final reading of German September CPI is up first at 6 AM. The preliminary estimate puts the annual inflation at 1.8%, the same as a month ago. Swiss Producer and Import Price Index for September follows at quarter past 7. The […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]

NZD/USD has been making corrective bullish moves recently after breaking below the 0.71 level with a non-volatile bearish pressure. NZD has been struggling to keep up with the impulsive pressure from USD despite the recent weakness of USD due to mixed economic reports and sell-offs of the American currency. Today, New Zealand FPI report was […]

Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video
Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

This is the Dukascopy Spike Controller for Thursday. As usual, we`ll provide you with the benchmark interbank price data for the 3 non-cross majors. Euro/Dollar’s long term average and maximum spreads are point 34 and 2.5 pips respectively. Single currency has gained some ground, rising by a total of point 64% or 75 pips to […]

Daily Outlook In February 2017, the depicted short-term downtrend was initiated around the depicted supply zone (0.7310-0.7380). However, a recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart. The price zone of 0.7150-0.7230 (Key-Zone) stood as a temporary resistance zone […]

NZDUSD is shifting out of a neutral phase and the bias is tilted to the upside. The 4-hour chart analysis shows that the market was consolidating near 0.7055 and then rallied towards the 50-period moving average where momentum stalled. But there is room for more upside since the RSI indicator is in bullish territory. A […]

BITCOIN analysis for 12/10/2017: Former investment banker Fortress, Michael Novogratz, predicts that within 6 to 10 months Bitcoin will be worth more than $ 10,000. The investor creates a $ 500 million fund that will invest in cryptocurrency, ICOs and blockchain related companies.The former investment fund manager has decided to go all in despite the […]

The dollar reacted with a decline in the Wednesday night’s release of the minutes of the FOMC meeting of September 20. Investors were disappointed by the cautious position of Cabinet members and fears that the period of low inflation in the US economy could drag on. A one-time rate increase by the end of this […]